Sentinel Subsea Ltd

Sentinel Subsea Ltd, based in Elgin, UK, is a small, active company founded seven years ago in 2018. With five employees and a real address, it’s a relatively small operation managed by six directors and one owner. The company irregularly imports electrical machinery and equipment (one month of imports recorded in July 2023) and exports ships, boats, and floating structures (two months of exports in August 2023).

Sentinel Subsea specializes in providing continuous passive monitoring of subsea infrastructure, equipment for oil and gas, and carbon capture assets. Their website highlights a focus on lowering risk, reducing costs, and protecting the environment through advanced passive integrity monitoring solutions. They offer passive well integrity monitoring, a technology designed to continuously monitor the integrity of subsea wells and repurposed carbon capture sites, transmitting alerts via iridium satellite. The company also has a team with over a hundred years of experience.

Financially, Sentinel Subsea shows a mixed picture. Cash in hand increased dramatically, jumping 220% to £380,000, and debtors rose sharply by 270% to £1.1 million. However, creditors also increased significantly, rising 57% to £450,000. Equity, however, saw a substantial increase, jumping 730% to £1 million. Despite a significant increase in equity, net assets still decreased to £100,000. The company’s small size (meeting two of three conditions for being a small company) helps it remain agile. With no auditor mentioned, the figures are unaudited.

The increase in debtors suggests potential challenges in collecting payments, while the rising creditors could indicate increased borrowing or supplier costs. The company’s focus on a niche market—passive subsea monitoring—suggests a long-term growth strategy, but the financial data suggests it’s still navigating a period of adjustment.

Registered in Scotland under the registration number SC594299, with a registered address at IV30 1JE, Scotland, Elgin, C/O Johnston Carmichael Strathlossie House, 1 Kirkhill Avenue.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.